U.S. Silica Holdings, Inc. (SLCA) Holdings Lifted by State of Tennessee Treasury Department

State of Tennessee Treasury Department grew its holdings in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 144,859 shares of the mining company’s stock after purchasing an additional 1,390 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.18% of U.S. Silica Holdings worth $5,141,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tyers Asset Management LLC raised its position in shares of U.S. Silica Holdings by 11.0% in the 1st quarter. Tyers Asset Management LLC now owns 2,256 shares of the mining company’s stock worth $108,000 after buying an additional 224 shares during the period. Winch Advisory Services LLC raised its position in shares of U.S. Silica Holdings by 109.0% in the 2nd quarter. Winch Advisory Services LLC now owns 4,127 shares of the mining company’s stock worth $146,000 after buying an additional 2,152 shares during the period. Elkfork Partners LLC raised its position in shares of U.S. Silica Holdings by 11.0% in the 1st quarter. Elkfork Partners LLC now owns 3,102 shares of the mining company’s stock worth $149,000 after buying an additional 308 shares during the period. Roble Belko & Company Inc purchased a new position in shares of U.S. Silica Holdings in the 1st quarter worth $177,000. Finally, Meadow Creek Investment Management LLC raised its position in shares of U.S. Silica Holdings by 11.0% in the 1st quarter. Meadow Creek Investment Management LLC now owns 3,948 shares of the mining company’s stock worth $190,000 after buying an additional 392 shares during the period.

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Several research analysts recently weighed in on the company. Royal Bank Of Canada set a $60.00 target price on U.S. Silica Holdings and gave the stock a “buy” rating in a research report on Saturday, July 1st. BidaskClub lowered U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Barclays PLC reaffirmed an “equal weight” rating and issued a $45.00 target price on shares of U.S. Silica Holdings in a research report on Wednesday, August 2nd. Zacks Investment Research raised U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Thursday, July 27th. Finally, Cowen and Company cut their target price on U.S. Silica Holdings from $60.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $52.18.

Shares of U.S. Silica Holdings, Inc. (SLCA) opened at 27.91 on Tuesday. The stock’s 50 day moving average price is $26.69 and its 200 day moving average price is $37.24. U.S. Silica Holdings, Inc. has a 52 week low of $24.26 and a 52 week high of $61.49. The firm has a market capitalization of $2.27 billion, a P/E ratio of 159.49 and a beta of 2.32.

U.S. Silica Holdings (NYSE:SLCA) last released its earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. The firm had revenue of $290.50 million during the quarter, compared to analyst estimates of $316.43 million. U.S. Silica Holdings had a net margin of 1.60% and a return on equity of 1.92%. The business’s revenue was up 148.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.17) EPS. On average, analysts predict that U.S. Silica Holdings, Inc. will post $1.59 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be given a dividend of $0.063 per share. This is a positive change from U.S. Silica Holdings’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, September 14th. This represents a $0.25 dividend on an annualized basis and a yield of 0.90%. U.S. Silica Holdings’s payout ratio is currently 192.31%.

U.S. Silica Holdings Company Profile

U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.

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Institutional Ownership by Quarter for U.S. Silica Holdings (NYSE:SLCA)

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